A majority of investment bankers tasked with setting the first industry standards for calculating the carbon footprints of capital-markets activities have endorsed a compromise deal that would see banks report only one third of emissions related to stock and bond underwriting.
More than half of the eight-member working group chaired by Barclays Plc and Morgan Stanley voted for disclosing just 33% of so-called facilitated emissions, according to a person familiar with the process who asked not to be named discussing non-public information.
Read More : Banks Suggest Disclosing Only 33% of Capital Markets Emissions